The British Chamber of Commerce is worried the economic conditions in the UK do not warrant a rate hike and hence, is surprised that the Bank of England is considering raising rates.
We’d caution against an earlier than required tightening in monetary policy, which could hit both business and consumer confidence and weaken overall UK growth
It seems extraordinary that the Bank of England is considering raising interest rates
BCC sees price pressures could peak soon
Business is being affected by political uncertainty, currency fluctuations and Brexit
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.